Recently, many posts in the industry that are pessimistic about blockchain are very popular. Many people outside the industry are asking me if the blockchain scam is over? People in the industry are asking if the industry has no future? What stage of the cycle are we in? Compared with good news, bad news is more likely to make headlines, and bad news is also more likely to get more traffic and attention. What is more worthy of ridicule than people in the cryptocurrency circle pessimistic about the cryptocurrency circle? These behaviors and emotions are constantly contagious, engulfing traffic and intensifying. Even some OG retirements have been magnified as evidence that "the cryptocurrency circle is over." Some industry-firm idealists also reveal anxiety and confusion in their chats with me. In fact, it is not just the cryptocurrency industry that is anxious. We live in this world and cannot do without the environment, water and air. Whether the investment market is active or not is inseparable from the economic cycle. Whether the economy is going up or down will determine where the public's budget is allocated. As an ordinary person, you will consider investing only when you have enough food and clothing. Therefore, every news from the Federal Reserve is a baton for the market trend for senior cryptocurrency players, especially as the overall market size of the cryptocurrency industry continues to expand, large financial institutions are participating in the industry, and the blockchain industry is gradually maturing. Especially after the approval of BTC and ETH ETFs, as a "configurable asset" in the investment category, the cryptocurrency market and the stock market have become two sides of the same coin.
The TRAGIC STORY of Kevin Day, who lost $16 billion in the biggest crypto rollback in history 👀 Kevin Day was a 1990s geek from Nebraska, video game developer
In his spare time, he worked on the internet. When his startup closed in the Dot-Com Crash, he went on hosting websites.
That’s what attracted him to #Bitcoin – he loved the freedom of web culture.
He joined #Bitcoin when the price was $7 BTC was on a tear – up from $0.30
He was frantically trying to mine BTC Then, on June 19, 2011 – he got the opportunity of a LIFETIME
BTC CRASHED from $17 to $0.01 –– in just 20 minutes
While others were freaking out, he took action. He bid to buy $3,000 worth of #Bitcoin . The price? $0.0101 He bought 259,684 BTC for UNDER $3,000 When the price bounced back – it was a 166,000% gain the $5 MILLION he made But his luck didn’t last long The flash crash was due to an exchange hack – a hacker had stolen the coins, then sold them to crash the market. Mt. Gox quickly announced it would "roll back" the trades. It wasn't a great time to hold your btc on an exchange. A week earlier, Mt. Gox. reported 25,000 BTC stolen The exchange was now blaming THEIR OWN AUDITOR! A rollback meant all trades after the hack would be canceled – including Kevin's Other buyers who put in legitimate orders – buying hundreds of #Bitcoin for PENNIES… saw 0 BTC balances. Now, before the roll back, Kevin made a small withdrawal Of the 260,000 he bought, he withdrew 643 BTC – the most allowed by the exchange's own policies He believed his trade was legitimate. In Kevin’s mind, he wasn’t responsible for his exchange’s security. Mt. Gox never refunded any individuals who were hacked Ultimately, Mt. Gox would do what was in its best interest – erasing all the trades. Kevin lost 259,360 #Bitcoin But he learned a valuable lesson – never leave your coins on an exchange
投資家は市場の変化に反応し、SEC承認後の過去の売りを反映し、2022年以来BinanceがTerra Luna Classicを継続的に支援していることが、コミュニティの復活への取り組みの表れであると強調しました。 #EarnFreeCrypto2024#FIT21#ETHETFsApproved#altcoins #BinanceLaunchpool
In July 2023, Ice Open Network (ION) launched its revolutionary tap-to-mine app, attracting over 1 million users in the first week and growing to 9 million in seven months. This exponential growth highlights ION's massive appeal.
💎 Achievements & Recognition
$ICE, ION’s proprietary coin, has gained significant traction, being listed on major exchanges like OKX, Kucoin, HTX, Gate.io, MEXC, and Bitget. This underscores ION's credibility and influence in the crypto world.
⚙️ Technological Milestones
March 2024 saw the launch of ION’s testnet. This is a crucial step towards their highly anticipated mainnet launch in late 2024, ensuring unmatched speed, scalability, and security.
🌐 Expanding Ecosystem: Frostbyte
The Frostbyte app, part of ION Liberty, redefines online freedom with secure, fast, and censorship-resistant internet access. Installed on over 700,000 Android devices in two weeks, with Windows, Mac, and Linux versions coming soon!
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💹 Startup Program
ION’s Startup Program integrates new ventures into their tap-to-mine ecosystem. Their first project is a prestigious electronic music festival with over 100,000 attendees per edition. More projects with established brands are on the way, showcasing practical blockchain applications.
🔥 Deflationary Mechanism
$ICE incorporates a deflationary mechanism, burning tokens to boost mining rates. The Hermatic trading bot also burns 50% of its fees, enhancing $ICE’s value as the mainnet launch approaches in late 2024.
🪄 Mainnet Launch & Beyond
ION aims to engage 50 million active users by the mainnet launch in late 2024, making it the largest Layer 1 blockchain debut. This ambitious target reflects their vision of leading blockchain technology innovation.
🛠️ Revolutionizing App Development
ION’s framework enables anyone to create decentralized apps (dApps) with an intuitive drag-and-drop builder, supporting multiple OS.